World Grain - December 2024 - 30

With globalization dying,
what comes next?
Basse says grain markets will be shaped by
'duopoly' of global political and economic power
by Michael King
W
ith the prospect of renewed tariff wars looming,
conflicts in the Middle East and Black
Sea blazing untended, and extreme weather
causing chaos everywhere, World Grain caught up
with Dan Basse, president and founder of AgResource
Company, to get his perspective on this volatile situation
impacting global grain markets.
In a conversation with World Grain a year ago, Basse
described a world " fractured " by economic and political
divides, with global trade patterns beginning to realign.
Fast-forward to 2024, and he believes these fractures
have only deepened.
Speaking on the sidelines of the 34th Annual IAOM
Mideast & Africa Conference & Expo, held in Dubai
in November, Basse said the victory of Donald Trump
in the US presidential election would accelerate the
end of globalism and the formation of a more complex
" duopoly " of world political and economic power.
One side will be led by the G7 nations - Canada,
France, Germany, Italy, Japan, the United Kingdom
and the United States, which represent around 30% of
global GDP. The other will be led by the BRICS nations
- Brazil, Russia, India, China and South Africa,
30
which now account for around 32% of global GDP.
" What we're seeing is a re-centering of global economic
power with Washington and Beijing as the new
poles in a duopolistic structure that's shaping future
trade flows, " Basse said.
Rise of BRICS
In Basse's view, the rise of the BRICS nations as an
economic bloc is emerging as a genuine seismic shift
for global agriculture and the grain trade. Collectively,
BRICS now outpaces the G7 in GDP growth, and this
bloc has favored developing independent trade routes
that bypass the United States wherever possible.
At the latest BRICS summit, Russia proposed creating
a new international grain futures exchange, a move
that - while still far from reality - signals a growing
desire for an alternative trading framework, one free
from reliance on the US dollar.
" It may take years to materialize but the intention is
clear: to reduce reliance on Western markets, " Basse said.
The implications for US grain exporters are significant.
Brazil, with its growing dominance in soybean
and corn exports, already has eclipsed the United
December 2024 / World Grain / World-Grain.com
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World Grain - December 2024

Table of Contents for the Digital Edition of World Grain - December 2024

World Grain - December 2024 - Intro
World Grain - December 2024 - 1
World Grain - December 2024 - 2
World Grain - December 2024 - 3
World Grain - December 2024 - 4
World Grain - December 2024 - 5
World Grain - December 2024 - 6
World Grain - December 2024 - 7
World Grain - December 2024 - 8
World Grain - December 2024 - 9
World Grain - December 2024 - 10
World Grain - December 2024 - 11
World Grain - December 2024 - 12
World Grain - December 2024 - 13
World Grain - December 2024 - 14
World Grain - December 2024 - 15
World Grain - December 2024 - 16
World Grain - December 2024 - 17
World Grain - December 2024 - 18
World Grain - December 2024 - 19
World Grain - December 2024 - 20
World Grain - December 2024 - 21
World Grain - December 2024 - 22
World Grain - December 2024 - 23
World Grain - December 2024 - 24
World Grain - December 2024 - 25
World Grain - December 2024 - 26
World Grain - December 2024 - 27
World Grain - December 2024 - 28
World Grain - December 2024 - 29
World Grain - December 2024 - 30
World Grain - December 2024 - 31
World Grain - December 2024 - 32
World Grain - December 2024 - 33
World Grain - December 2024 - 34
World Grain - December 2024 - 35
World Grain - December 2024 - 36
World Grain - December 2024 - 37
World Grain - December 2024 - 38
World Grain - December 2024 - 39
World Grain - December 2024 - 40
World Grain - December 2024 - 41
World Grain - December 2024 - 42
World Grain - December 2024 - 43
World Grain - December 2024 - 44
World Grain - December 2024 - 45
World Grain - December 2024 - 46
World Grain - December 2024 - 47
World Grain - December 2024 - 48
World Grain - December 2024 - 49
World Grain - December 2024 - 50
World Grain - December 2024 - 51
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World Grain - December 2024 - 53
World Grain - December 2024 - 54
World Grain - December 2024 - 55
World Grain - December 2024 - 56
World Grain - December 2024 - 57
World Grain - December 2024 - 58
World Grain - December 2024 - 59
World Grain - December 2024 - 60
World Grain - December 2024 - 61
World Grain - December 2024 - 62
World Grain - December 2024 - 63
World Grain - December 2024 - 64
World Grain - December 2024 - 65
World Grain - December 2024 - 66
World Grain - December 2024 - 67
World Grain - December 2024 - 68
https://digital.world-grain.com/sosland/wg/world-grain-january-2025
https://digital.world-grain.com/sosland/wg/world-grain-december-2024
https://digital.world-grain.com/sosland/wg/world-grain-november-2024
https://digital.world-grain.com/sosland/wg/world-grain-october-2024
https://digital.world-grain.com/sosland/wg/world-grain-september-2024
https://digital.world-grain.com/sosland/wg/world-grain-august-2024
https://digital.world-grain.com/sosland/wg/world-grain-july-2024
https://digital.world-grain.com/sosland/wg/world-grain-june-2024
https://digital.world-grain.com/sosland/wg/world-grain-may-2024
https://digital.world-grain.com/sosland/wg/world-grain-april-2024
https://digital.world-grain.com/sosland/wg/world-grain-march-2024
https://digital.world-grain.com/sosland/wg/world-grain-february-2024
https://digital.world-grain.com/sosland/wg/world-grain-january-2024
https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
https://digital.world-grain.com/sosland/wg/world-grain-august-2023
https://digital.world-grain.com/sosland/wg/world-grain-july-2023
https://digital.world-grain.com/sosland/wg/world-grain-june-2023
https://digital.world-grain.com/sosland/wg/world-grain-may-2023
https://digital.world-grain.com/sosland/wg/world-grain-april-2023
https://digital.world-grain.com/sosland/wg/world-grain-march-2023
https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
https://digital.world-grain.com/sosland/wg/world-grain-september-2022
https://digital.world-grain.com/sosland/wg/world-grain-august-2022
https://digital.world-grain.com/sosland/wg/world-grain-july-2022
https://digital.world-grain.com/sosland/wg/world-grain-june-2022
https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
https://digital.world-grain.com/sosland/wg/2020_12_01
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https://digital.world-grain.com/sosland/wg/2020_07_01
https://digital.world-grain.com/sosland/wg/2020_06_01
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https://digital.world-grain.com/sosland/wg/2019_12_01
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https://www.nxtbook.com/sosland/wg/2016_04_01
https://www.nxtbook.com/sosland/wg/2016_03_01
https://www.nxtbook.com/sosland/wg/2016_02_01
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https://www.nxtbook.com/sosland/wg/2015_12_01
https://www.nxtbook.com/sosland/wg/2015_11_01
https://www.nxtbook.com/sosland/wg/2015_10_01
http://digital.world-grain.com/sosland/wg/2015_09_01
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